ONas Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $46,000. Budgeted cash seceipts total $160,000 and budgeted cash disbursements total $152,000. The desired ending cash balance is $70,000. The company can borow up to $120.000 at any time from a local bank, with interest not due until the following month. What is the amount required to borrow in order to have the desired ending cash balance? Oa $15,000 Ob $10,000 Oc $26,000 Od $16,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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